Tesla Surges Despite Cybertruck Accidents; Nvidia Leads with AI Chip Boom!
AInvestWednesday, Nov 6, 2024 5:31 pm ET
2min read
TSLA --
1. Tesla (Nasdaq: TSLA)
Tesla surged by 14.75%, with the trading volume of 46.59B. Tesla's Cybertruck was involved in two severe accidents in Mexico, with one causing serious injuries, yet Elon Musk praised the vehicle's durability. Meanwhile, Tesla initiated a price war with Model Y prices dropping below 200,000.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.07%, with the trading volume of 34.59B. Nvidia regained its position as the world's most valuable public company with a market capitalization of $3.43 trillion, surpassing Apple due to the rapid growth in the AI chip industry.

3. Amazon (Nasdaq: AMZN)
Amazon.Com gained solidly by 3.81%, with the trading volume of 14.70B. Amazon maintains a "buy" rating with a target price of $210. The company reported Q3 2024 revenue of $450.17 billion and net income of $39.24 billion. Additionally, Amazon received approval to test new delivery drones in Arizona.

4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.33%, with the trading volume of 12.17B. Apple locked the iOS 18.0.1 version, preventing iPhone users from downgrading. Apple is addressing a sales crisis with the iPhone 16 by spending significantly to lift bans. Apple's 10-K warns future product profits may not match the iPhone due to expansion into AI and VR markets.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 2.12%, with the trading volume of 11.07B. Microsoft announced that the StarCraft series will be included in the PC Game Pass. Morgan Stanley predicts Microsoft, along with other tech giants, will invest approximately $300 billion in data centers by 2025. RBC Capital reiterated its outperform rating for Microsoft.

6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.07%, with the trading volume of 10.32B. Meta fined $15 million by South Korea for mishandling user data. OpenAI hired Kaitlyn Calinowski, former Meta AR project lead, to head its robotics work. LIV collaborates with Meta to release MR recording tool Unity SDK, first supported by Gorilla Tag.

7. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 31.11%, with the trading volume of 8.45B. Coinbase Global disclosed 10 insider transactions on November 4, 2024, including Executive Emilie Choi selling 1,942 shares on November 1, 2024.

8. Trump Media & Technology Grouprp. (Nasdaq: DJT)
Trump Media & Technology Grouprp. gained solidly by 5.94%, with the trading volume of 6.77B. Trump Media & Technology Group paused trading due to volatility on November 6 from 09:31:41 to 09:36:41. The company's stock rebounded over 10% post-election day as Donald Trump led in electoral votes, despite a $19.2 million Q3 loss.

9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 13.17%, with the trading volume of 6.64B. Microstrategy reported a trading volume of $6.086 billion on November 6, 2024.

10. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany dropped solidly by -3.67%, with the trading volume of 6.41B. Eli Lilly showcased advancements in diabetes, obesity, Alzheimer's, and oncology at the China International Import Expo, marking its sixth consecutive participation. On November 5, the company disclosed insider trading, with executive Edgardo Hernandez selling 750 shares on November 1.
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